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30 April 2008 | 8 replies
IncomeRent $750ExpensesPITI $815Misc $300Negative cash flow $365.Since taxes vary locally, it’s hard for me to know how much is going toward the principal balance each month, but I’ll assume your initial loan was for 125K and say:Cost to sell this place now (commissions, closing costs $10,000)10 years of carrying costs: $43,800Principal pay down over 10 years: $20,26820 years of carrying costs: $87,600Principal pay down over 20 years: $57,49630 years of carrying costs: $131,400Principal pay down over 30 years: $125,000It seems like the negative cash flow outweighs the benefit of keeping this place, unless you just want to have an extra piece of real estate for your child, parent or whatever.As an investment, it does not seem to make sense.
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8 June 2008 | 9 replies
I prefer to do subject-to transactions because I own the house and get all of the tax benefits, etc.
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8 May 2008 | 10 replies
If they allowed the assumption, they would benefit by keeping good performing loans versus loosing them if I have to refinance.
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8 May 2008 | 7 replies
There are many benefits to become a licensed real estate agent and being an RE investor.
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7 May 2008 | 0 replies
Is she motivated to sell it in high price or her benefits not related to the sale prise?
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15 May 2008 | 7 replies
Troyce, your question should be answered by your RE attorney/CPA and depends on each individual situation.In general, it is not necessary as you take on no risk by assigning contracts, and there are no tax benefits as the LLC is a pass-through entity.
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16 May 2008 | 10 replies
He's worked side by side with me on the real estate and he's done a lot of work for me that doesn't benefit him directly.
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25 July 2009 | 9 replies
Hey Chad, it's nice to know so people will take the time out to really talk to people to try and help and it will benefit us all.
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15 May 2008 | 0 replies
With high energy prices, I figured for sure this stock would benefit.
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9 July 2008 | 18 replies
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